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£560,000
Bedrooms
Bathrooms
Ridgeway is a fine period property, recently upgraded throughout and currently a successful holiday cottage, occupying a wonderful and enviable position near the top of the Malvern Hills. Originally built in the 1920s of local Malvern Stone, Ridgeway is a charming and spacious detached house and enjoys a fine south facing position surrounded by land protected by the Malvern Hills Trust. From this commanding setting there are impressive views of May Hill, British Camp and the surrounding countryside. It is the perfect spot for walkers with numerous paths and bridleways on Ridgeways doorstep. Comprising: porch Hallway, sitting room, kitchen dining room, rear hallway, utility/WC, first floor landing, three bedrooms and a bathroom, well maintained gardens, off road parking and a garage. The property has also had plans drawn up for an extension. An early viewing is absolutely essential to appreciate the unique and delightful position of this immaculate property.
Porch - uPVC front door and double glazed windows, stone framed porch, quarry tile floor, wooden internal door and obscure glazed window opens to:
Entrance Hallway - 2.58m x 1.92m (85' x 63') - Side facing uPVC windows, staircase to the first floor with wooden spindle banister, radiator, doors to:
Sitting Room - 4.59m x 3.57m (150' x 118' ) - Front facing uPVC double-glazed bay window with wonderful views of the Malvern Hills, side facing uPVC window. Fireplace with slate hearth and Cast-iron wood burner, radiator, television/broadband/telephone points, exposed beams.
Kitchen Dining Room - 8.17m x 3.39m (269' x 111') - Dual aspect with two rear-facing and one side facing uPVC window, range of contemporary eye and base level unit, worktop under inset stainless steel sink and drainer unit, electric range cooker (available by negotiation) with extractor hood over, space for dishwasher, space for fridge freezer.
Dining area with front and side aspect windows, radiator, storage cupboard, television point, spot lighting and under unit lighting.
Rear Hallway - Back door, doors to kitchen dining room and utility.
Utility/Wc - Side facing uPVC window, Worktop with inset sink, storage cupboard, plumbing for washing machine, extractor fan, radiator, low level WC.
Garage - 5.49m x 2.78m (180' x 91') - Wooden double doors, storage and sink unit, hot and cold tap.
First Floor Landing - Side facing uPVC window, wooden spindle banister, doors to:
Bedroom One - 3.78m x 3.56m (124' x 118') - Front and side facing uPVC windows with fine views, radiator.
Bedroom Two - 3.72m x 3.45m (122' x 113') - Side and rear facing windows with fine views, radiator, loft access.
Bedroom Three - 2.83m x 2.61m (93' x 86' ) - Front and side aspect uPVC windows with fine views.
Bathroom - 2.80m x 2.46m (92' x 80') - Rear facing uPVC windows, Velux window, bath, shower cubicle, WC, wash basin, radiator, spot lighting and extractor fan.
Outside - The property is situated on a plot the Malvern Hills at one of the highest locations, just above the Wyche Cutting, There is a driveway for 3-4 cars to the fore of the garage.
A path from the driveway (where there is an external tap) leads to the rear hallway and utility room. A second path leads into the main garden which is laid to level lawn with herbaceous and shrub borders and to one side to a paved terrace with fine views. The garden is enclosed by a low wall and enjoys a south facing aspect towards May Hill and British Camp.
Directions - From the office proceed along the Wells Road and take the right hand turn signposted Colwall. proceed up the hill past the Wyche Inn and through the Wyche Cutting. Bear immediately right onto Beacon Road and pass the row of houses on the right. Take the sharp right hand turn which leads to the property and parking is outside of the garage on the left.
Location - Malvern is a thriving spa town well positioned for Worcester and Birmingham, with easy access to the motorway network and direct mainline trains to London. The Malvern Hills, an area of outstanding natural beauty are the dominant feature of the landscape. It is also a renowned cultural centre with an excellent theatre and cinema, leisure centre, swimming pool and several sports clubs. Malvern has very good shopping facilities, a Waitrose superstore is in the town centre and there are a wide range of independent retailers on a busy high street. More comprehensive facilities can be found in Cheltenham and the Cathedral city of Worcester, which caters for most needs.
What3words - moons.nods.masterful
Additional Information - TENURE: We understand the property to be Freehold but this point should be confirmed by your solicitor.
FIXTURES AND FITTINGS: Only those items referred to in these particulars are included in the sale price. Other items, such as carpets and curtains, are available by separate arrangement
SERVICES: Mains gas, mains electricity, water and drainage are connected. Please note that we have not tested any services or appliances and their inclusion in these particulars should not be taken as a warranty.
OUTGOINGS: Local Council: Malvern Hills District Council ); at the time of marketing the Council Tax Band is: E
ENERGY PERFORMANCE RATINGS: Current: TBC Potential: TBC
Asking Price - 585,000
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
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